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June 15, 2021

Cost inflation index for FY 2021-22 is 317

by CA Shivam Jaiswal in Income Tax

Cost inflation index for FY 2021-22 is 317

MINISTRY OF FINANCE

(Department Of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION

New Delhi, the 15th June, 2021
INCOME-TAX

S.O. 2336(E).- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act. 1961 (43 of 1961). the Central Government hereby makes the following limber amendments in the notification of the Government of India. Ministry of Finance (Department of Revenue). Central Board of Direct Taxes. published in the Gazette of India. Extraordinary, vide number 5.0. 1790(E). dated the 56 June 2017. namely:-

2. In the said notification. in the Table. after serial number 20. the following serial number and entries relating

3. This notification shall come into force with effect from 1st day of April. 2022 and shall accordingly apply to the Assessment Year 2022-2023 and subsequent years. thereto, shall be inserted, namely:-

Notification No. 73.’ 2021 ff.No.3701 42110202 I -TPLI

KAMLESH CHANDRA VARSHNEY. it. Secy. (fax Policy and Legislation)

Note- The principal notification was published in the Gazette of India. Extraordinary. Part II. Section 3. Sub-section (ii), vide number 5.0.1790(E) dated 5th June. 2017 and was last amended vide S.O. 1879 (E) dated 12th June. 2020.

Following table should be used for the Cost Inflation Index:

Sl. No.Financial YearCost Inflation Index
(1)(2)(3)
12001-02100
22002-03105
32003-04109
42004-05113
52005-06117
62006-07122
72007-08129
82008-09137
92009-10148
102010-11167
112011-12184
122012-13200
132013-14220
142014-15240
152015-16254
162016-17264
172017-18272
182018-19280
192019-20289
202020-21301
212021-22317

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